Money Supply Bull Flag ???
Updated
Maybe this is a massive money supply flag. We have support on the ribbon. Stochastic RSI confirms it.
I don't know if this even makes sense, since CURRCIR is a subset of M2SL.
On the other hand, who would have thought that in 1990s currency in circulation would increase by 50% in less than a decade.
Or is there a ceiling prohibiting more increase?
Also look at the ratio between Europe's money supply and US.
And my favorite, the most accurate retracement ever.
Total "purchasing power" of Europe vs US. Just recently we have reached a perfect golden ratio. 1 in 10.000 accuracy.
Maybe this is a harmonic pattern. Feel free to guide me as to what this might be. And how price might continue in the following months/years.
A closeup view.
Maybe Europe will print so much money that it diminishes its currency. This chart suggests that EURUSD is in reality much weaker than it seems. A lot of Euro is printed compared to Dollars.
Maybe they get more hawkish than the US and increase rates to >5%. I am not sure...
Prepare for unforeseen consequences I guess?
- G-Man, Half-Life 2
I don't know if this even makes sense, since CURRCIR is a subset of M2SL.
On the other hand, who would have thought that in 1990s currency in circulation would increase by 50% in less than a decade.
Or is there a ceiling prohibiting more increase?
Also look at the ratio between Europe's money supply and US.
And my favorite, the most accurate retracement ever.
Total "purchasing power" of Europe vs US. Just recently we have reached a perfect golden ratio. 1 in 10.000 accuracy.
Maybe this is a harmonic pattern. Feel free to guide me as to what this might be. And how price might continue in the following months/years.
A closeup view.
Maybe Europe will print so much money that it diminishes its currency. This chart suggests that EURUSD is in reality much weaker than it seems. A lot of Euro is printed compared to Dollars.
Maybe they get more hawkish than the US and increase rates to >5%. I am not sure...
Prepare for unforeseen consequences I guess?
- G-Man, Half-Life 2
Comment
These damn bull flags are everywhere!Disclaimer
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